VNX Gold vs Kinesis Gold

Kinesis Gold (KAU) is 63.6× the size of VNX Gold (VNXAU) by market capitalisation. Over the past 30 days, VNXAU is ahead by 0.4 percentage points (VNXAU -9.6% against KAU -10.1%). Their daily returns move closely together (correlation 0.69 across 31 shared trading days). KAU has been the more volatile of the two, at 33% annualised against VNXAU's 22%.

Correlation: 0.69
Size ratio: 1 : 63.6
Ahead over 30 days: VNXAU

VNX GoldVNXAU

$127.7500

24h: -0.37%
Market cap: $5.62M
Volume 24h: $9,037
Volatility (ann.): 22%

Kinesis GoldKAU

$130.4200

24h: +2.09%
Market cap: $357.24M
Volume 24h: $553,744
Volatility (ann.): 33%

VNXAU 1.5%Share of the two combined market caps98.5% KAU

Performance

VNXAUKAU

7 days-2.85%-2.89%VNXAU
30 days-9.64%-10.08%VNXAU

Correlation

0.69over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6990d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	VNXAU	KAU
Max drawdown (400d)	-11.7%	-18.0%
Risk-adjusted return (90d)	-0.51	-0.32

Relative strength over 90 days: VNXAU outperformed KAU by 2.0% — measured on the VNXAU/KAU ratio, so it holds regardless of market direction.

VNX Gold →Kinesis Gold →